Access Point Financial Secures $8.85 Million to Refinance Delta Hotel in Grand Rapids
ATLANTA — Access Point Financial, LLC, a direct lender and specialty finance company focused exclusively on the hospitality industry, recently announced the completion of...
Avison Young Hospitality Group Announces Nine Closings
ATLANTA—The Avison Young Hospitality Group announced that it has brokered nine hotel transactions in June, including one full-service hotel and eight select-service hotels. Marriott,...
Interstate and White Lodging Close Management Acquisition Deal
ARLINGTON, Va.—Interstate Hotels & Resorts has closed a deal—first announced in December 2017—to acquire the management agreements for 82 premium-branded, select- and full-service hotels,...
McNeill Hotel Investors Acquires Hyatt Place Huntsville in Alabama
Germantown, Tenn. — McNeill Hotel Investors announced the acquisition of the newly built 131-room Hyatt Place Huntsville / Research Park, Ala., the company’s fourth...
STR: Significant RevPAR Declines Are the “New Normal”
HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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